Foreign Investment in Residential Real Estate

Maurice Gauder, Claire Houssard and David Orsmond
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Maurice Gauder: Reserve Bank of Australia
Claire Houssard: Reserve Bank of Australia
David Orsmond: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2014, 11-18

Abstract: The available data, while incomplete, suggest that for much of the past decade or so approvals granted for foreign investment in the residential sector have remained around 5–10 per cent of the value of dwelling turnover in Australia, and perhaps half that share of the total number of dwellings turned over. The actual level of foreign purchases of dwellings has been significantly lower. Foreign purchases appear to be most concentrated in new rather than established dwellings, in higher- rather than lower-priced dwellings, in medium- and high-density dwellings rather than detached dwellings, and in inner-city areas of Sydney and Melbourne rather than other locations.

Keywords: foreign investment; foreign buyers; residential property; housing market (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (10)

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